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| Clarity Accounting & Payroll Services, Inc. |
| Professional and Up-to-date Business Services |
| Bryan Hiebert |
Bryan , a graduate from Western Washington University, has been involved in corporate and tax accounting more than 15 years. He has extensive experience in Tax Preparation for individuals, investors and corporations. |
| 816-734-1911 |
| Email: info@taxcats.net |
FREE Article: Essential Steps to Business Start up Need more reports about business? Contact us gail@ TaxCats.net 816-734-1911 |
| Newsletters |
Do You Need? Do you need to do last year's return? Do you owe back taxes or haven't filed for a couple of years? Check our "CATS" REPORT link for information on HOW TRADERS and OUR government have failed to protect your assets in the marketplace and have stolen trillions from you, the public. What really happened that brought 20-30% losses and poverty to doorsteps with MORE to come? |
| Who We Are We are Tax Professionals that help you get your taxes done quickly and with knowledge of the latest tax laws that affect your tax situation and reports. We work to ensure that you get the largest refund and pay the lowest tax by working directly with you and providing you with relevant and valuable tax information. Check our SERVICES link to view the wide variety of services we offer for individuals and businesses. |
| Quick Books Pro Adviser |
Hi, I'm Smiling Scott. C.A.T.S (Clarity Accounting & Tax Services) is the only Tax Place where I felt I was a person, and not a number on a chair. Besides, I like their Cheerful CATTitude! They are Fast, take the time to talk to you and work with your schedule to get it done on time! I highly recommend them! |
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Small Businesses has a unique place in our community. When you think that 75% of all small business employment actually comes from or started with a "Small Business" enterprises you realize the importance they has in our everyday lives. More than any other segment of our society, Small Business need all he help they can get. Sometimes this help consists of brainstorming ideas and methodologies. At other times, the needs are for setting up the books, help in getting licenses, learning how to use software, creating timely reports and assisting the business owner achieve a better bottom line. Our Company uses Quickbooks Pro to set your books The accounting services include: • Start-up small business Bookkeeping Periodic reviews • QuickBooks software training and problem solving • Payroll accounting services • Federal, state, and local income tax returns • Managerial Accounting We believe in providing affordable, relevant, and reliable accounting solutions to small business and individuals. Our dedication to providing business solutions comes as a result of several years’ worth of entrepreneurial acumen, first hand experience working with Entrepreneurs and young business enterprise for many years. Small business bookkeeping is just the beginning of our journey. The accounting profession and its range of services can be broken down into two categories of accounting: Financial Accounting and Managerial Accounting. Financial Accounting has to do with compliance and regulatory items such as paying taxes. Financial Accounting reports to outside organizations such as lenders, tax authorities and regulators, it summarizes past or historical activities, has to be accurate, and must follow generally accepted accounting principles (GAAP). We believe the initial cost of this service should be affordable to small business enterprises. Managerial Accounting reports on the other hand, is the critical information you, as a business owner/manager must know every day, every week or every month. The information should assist with decision that affects future activities. The reports are timely and accurate. We would very much appreciate becoming involved in helping your young company direct its path to success in planning, directing, controlling of your organization to your best advantage. Our objective is to help you grow your business with the use of sound accounting software and sound financial information. |
| TAXCATS- The First Friendly Tax Office In North Kansas City Bringing You News you can Use (816) 734-1911 |
| Your Business |
What's NEW for 2010? |
QuickBooks Pro Advisors
we have the experience to assist small business and individuals with your accounting needs. In addition, we provide you with a discount offer on QuickBooks software. We are able to pass this discount offer to our clients because we are Intuit Affiliate members. Call us today for a confidential meeting to explore your needs. (816) 734-1911 |
WHAT's NEW? For businesses: -- Special expensing rules for small firms are history, at least for now. Congress failed to extend the Section 179 expensing limit of $250,000 that expired at the end of 2009. So right now, companies can expense only $134,000 of assets that are put in use this year. And the ability to claim expensing in lieu of depreciation phases out dollar for dollar once more than $530,000 of assets are placed in service, down from $800,000 in 2009. But Congress is likely to retroactively restore the higher expensing caps. The same probably won’t be true for 50% bonus depreciation, a special break that also disappeared at the end of 2009. The tax rates won’t change, either: 6.2% for FICA tax and 1.45% for Medicare. Self-employed folks pay 15.3% on the first $106,800 of their net earnings and 2.9% on any amounts above that. But the relief is likely to be short-lived: There will be a whopping increase in the wage base when the next benefit hike takes effect. -- IRS’ standard mileage rate takes a dive, to 50¢ a mile this year -- a 5¢ drop from 2009 -- because of lower fuel costs. For medical travel and moving, the rate is 16.5¢ a mile, down 7.5¢. The charitable driving rate remains at 14¢ a mile. -- Estimated tax relief for small business owners ended as of Jan. 1,2010 That means they won’t be able to base estimates for 2010 income taxes on 90% of the prior year’s tax, as they could for 2009, to avoid the underpayment penalty. This year, they must prepay 90% of their 2010 tax liability, or 100% of their 2009 tax liability (110% if their 2009 AGI exceeded $150,000). Some income may be taxable under certain circumstance, but not taxable in other situations. Call our office if you have a question at (816) 734-1911 ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ • |
Don't forget the special rules for converting IRA 's to Roth IRA's this year only. For individuals: -- Roth IRAs are now an option for upper income folks because, as of Jan. 1, the limit -- $100,000 of adjusted gross income (AGI) -- on converting from a regular IRA to a Roth is gone. Converting to a Roth generally makes sense if you expect to be in the same or a higher tax bracket in retirement and you can pay the tax bill with other funds. Folks who convert in 2010 can elect to defer the tax and report 50% of the conversion income on their 2011 tax returns and the balance on 2012 returns. BUT with the 39.6% top rate likely to return in 2011, that election may not pay off. Call a ROTH specialist about any Conversions. |
So what have we learned in two millennia? "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance. " ---Cicero, 55 BC |
The new year brings with it several tax changes that will have an impact on your 1040 and on business tax returns as well. There’s both good news and bad news in 2010’s new rules and in what lies ahead. For individuals: -- The estate tax and the generation-skipping tax both disappeared on Jan. 1, and the top rate on the gift tax dropped to 35%. The downside: Also taking effect is a rule that replaces the date-of-death value rule as the basis for inherited assets with a system that starts with the decedent’s basis. Under that carryover basis regime, when the inherited assets are sold by heirs, they could exclude up to $1.3 million of gain -- $4.3 million for surviving spouses. The estate tax won’t stay dead for long, however: Congress is expected to reinstate it and the generation-skipping tax retroactively, and get rid of the carryover basis regime. But a return to last year’s $3.5- million estate tax exemption and 45% rate isn’t assured.
and moderate Democrats will fight hard for a $5-million exemption and 35% top rate, and they may get their way. |